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  • Posted On Thursday, July 07, 2022 by Evan Lamolinara

    Food June 2022

    SalesLeads announced today the June 2022 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 81 new projects in the Food and Beverage sector.

    The following are selected highlights on new Food and Beverage industry construction news.

    Food and Beverage Project Type

                Processing Facilities - 60 New Projects

                Distribution and Industrial Warehouse - 27 New Projects

               

    Food and Beverage Project Scope/Activity

                New Construction - 31 New Projects

                Expansion - 20 New Projects

                Renovations/Equipment Upgrades - 36 New Projects

                Plant Closing - 4 New Projects

     

    Food and Beverage Project Location (Top 10 States)

                California - 9

                Wisconsin - 7

                Texas - 7

                Illinois - 5

                North Carolina - 4

                Ontario - 3

                Kentucky - 3

                New York - 3

                Ohio - 3

                Pennsylvania - 3                    

     

    Largest Planned Project

    During the month of June, our research team identified 4 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by UPSIDE Foods, who is planning to invest $400 million for the construction of a processing facility in SAN FRANCISCO, CA. They are currently seeking approval for the project. Completion is slated for early 2024.

    Top 10 Tracked Food and Beverage Projects

    NEVADA:

    Packaged food products mfr. is planning to invest $110 million for an expansion of their processing facility in SPARKS, NV. They are currently seeking approval for the project. Completion is slated for 2025.

     

    WISCONSIN:

    Agricultural co-operative is planning to invest $100 million for the construction of a feed and grain mill and soybean processing facility in WAUPUN, WI. They are currently seeking approval for the project. Construction is expected to start Fall 2022, with completion slated for 2025.

     

    NORTH CAROLINA:

    Bakery company is planning to invest $84 million for a 171,000 sf expansion and equipment upgrades on their warehouse and processing facility in MEBANE, NC. They have recently received approval for the project.

     

    MISSOURI:

    Food and beverage company is planning to invest $34 million for an expansion and equipment upgrades on their warehouse and processing facility in KIRKSVILLE, MO. Completion is slated for late Spring 2023.

     

    NEW YORK:

    Beverage company is planning to invest $30 million for an expansion of their processing facility in DUNKIRK, NY. They are currently seeking approval for the project.

     

    ILLINOIS:

    Food products mfr. is planning for the construction of a 1.3 million sf distribution center on Irene Rd. in BELVIDERE, IL. Construction is expected to start in Fall 2022

     

    COLORADO:

    Grocery retail chain is planning for the construction of a 300,000 sf warehouse and distribution center in AURORA, CO. They have recently received approval for the project.

     

    VIRGINIA:

    Peanut processing company is planning to invest $25 million for the renovation and equipment upgrades on their processing facility in SUFFOLK, VA. They have recently received approval for the project.

     

    OKLAHOMA:

    Startup meat processing company is planning to invest $20 million for the construction of a 55,000 sf processing facility in MIDWEST CITY, OK. They are currently seeking approval for the project. Construction is expected to start in late 2022, with completion slated for Summer 2024.

     

    NEW YORK:

    Ice cream mfr. is planning to invest $18 million for a 20,000 sf expansion and equipment upgrades on their processing facility in AKRON, NY. They are currently seeking approval for the project. Construction is expected to start in late 2022, with completion slated for Summer 2023.

     

    About SalesLeads, Inc.

    Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.

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